local.com

Local.com this morning announced that it has secured a $12 million revolving credit facility from Square 1 Bank to fund future acquisitions and other “strategic growth initiatives”.
In connection with the new Square 1 Bank credit facility, the local online media company terminated its debt facility with Silicon Valley Bank. Read More

Online local media company Local.com this morning announced that it has acquired Screamin’ Media Group, the company behind Groupon clone daily deals site Screamin’ Daily Deals.
Local.com paid $12.5 million in cash, stock and debt, with the opportunity for the shareholders of Screamin’ Media Group to earn up to an additional $20 million if certain – no doubt high-end… Read More

Online local media and search company Local.com has acquired location-based shopping data aggegator Krillion for $3.5 million in cash. The company provides local shopping information on over 70,000 consumer products from over 50,000 retailers, including in-store availability, comparison pricing, current discounts and images.
With a separate news announcement, NASDAQ-listed Local.com has… Read More

Local search site operator Local.com this morning announced that it has priced an underwritten public offering of 4 million shares of its common stock at a price of $4.25 per share.
Net proceeds, after discounts, commissions and estimated expenses, will be approximately $15.5 million. Read More

Local business directory and search engine Local.com this morning announced the acquisition of the assets of OCTANE360, a technology startup based out of Los Angeles that provides domain-based local advertising solutions to small businesses, domain portfolio owners, agencies and channel partners.
Under the terms of the agreement, Local.com is paying $5 million in cash and stock with an earnout… Read More

Local.com (NASDAQ: LOCM) announced today the issuance of a patented technology for paid search results provided in response to a request for directory assistance. The company hopes to tap into mobile and voice application paid search market using a pay per referral model. Local.com says this complements its recently received location based search technology.
Details, and a bit of commentary… Read More

Local.com saw its stock price rise 52% today after it was awarded patent number 7,200,413 by the U.S. Patent and Trademark Office. According to the text of the patent, it covers what they term “Enhanced Directory Assistance”, which will deliver keyword specific ad referrals based on user input via operator, SMS, WAP, or voice.
This is in addition to their recently granted patent… Read More